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Kori Maria Bazanos

Kori Maria Bazanos

Bazanos Law P.C.
  • Construction Law, Real Estate Law, Business Law
  • Illinois
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Summary

I have been practicing law since 1995. I established my own firm in 2008 to better address the unique needs of the individuals and businesses I represent. I have considerable experience in the area of real estate law including the following:

Construction and mechanics lien litigation as well as drafting
mechanics liens and bond claims;

Representation of buyers and sellers of residential real estate,
working closely with my clients' and their brokers and lenders to
ensure a smooth closing; and

Quiet Title Actions.

I also practice in the general area of commercial litigation, creditors' rights, and the representation of creditors in bankruptcy proceedings. I assist my clients in resolving disputes outside of litigation.

Practice Areas
  • Construction Law
  • Real Estate Law
  • Business Law
Additional Practice Areas
  • Mechanics Liens
  • Residential Real Estate Closings
Fees
  • Free Consultation
  • Contingent Fees
  • Rates, Retainers and Additional Information
    Flat fees for residential real estate closings
Jurisdictions Admitted to Practice
Illinois
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Languages
  • English: Spoken, Written
Professional Experience
Attorney
Bazanos Law P.C.
Current
Education
Chicago-Kent College of Law, Illinois Institute of Technology
J.D.
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Chicago-Kent College of Law, Illinois Institute of Technology Logo
Marietta College
B.A. (1982) | Economics
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Professional Associations
Illinois State Bar
Member
Current
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Illinois Real Estate Estate Lawyers Association
Member
Current
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Chicago Bar Association
Member
Current
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Publications
Articles & Publications
Illinois Construction Law Manual, Co-Author Ch. 13 Mechanics Liens
West
Websites & Blogs
Website
Website
Legal Answers
6 Questions Answered

Q. i am selling house, i am only one on title. on selling documents realtor put me and my wife as seller, is it ok
A: If this is your principal residence, your wife has homestead rights in the house and she will need to release those rights on the deed. You should hire an attorney to represent you with this transaction, and that attorney can explain these homestead rights more fully to you.
Q. In Illinois, can I back out of the sale of my house? I discovered a erroneous lien and need it released.
A: Generally, real estate sales contracts require the seller to deliver good and merchantable title to the buyer, which means conveying title clear of liens. It sounds like there is a lien that you would like to challenge. You should discuss the lien with the attorney representing you with the sale. You might be able to: (a) obtain a release of the lien before the closing, (b) persuade the title company that the lien is invalid, which would allow you to close; or (c) insure over the lien, which would allow you to close with the lien still of record, and then work on getting the release of lien after the closing. Without knowing the details of your situation, it is unclear if you are obligated to close on the sale.
Q. what is the homestead exemption in illinois if there is 4 names on the deed? I know illinois allows $15,000 for single
A: 735 ILCS 5/12-901 provides that "If 2 or more individuals own property that is exempt as a homestead, the value of the exemption of each individual may not exceed his or her proportionate share of $30,000 based upon percentage of ownership." This Section further provides that it" is not applicable between joint tenants or tenants in common but it is applicable as to any creditors of those persons." The Illinois homestead exemption is a complex concept and and various facts may affect its application. You should consult an attorney to explain the particular facts of your situation to determine whether the Illinois exemption applies to your situation.
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Contact & Map
20 North Clark Street
Suite 3300
Chicago, IL 60602
Telephone: (312) 578-0410
Fax: (312) 648-6202
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